Last weekâÂÂs collapse of Lehman Brothers had one analyst comparing the marketâÂÂs plight to the song Ten Green Bottles. Lehman Brothersâ prime brokerage became the third out of EuropeâÂÂs largest 11 to disappear or be swallowed this year by rivals.
Lehmanâs collapse came just six months after Bear Stearnsâ prime broking business disappeared into JP Morgan. Bank of America announced last week it would acquire Merrill Lynch and its prime broking unit, which is ranked sixth in Europe.